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Hassett: Government stakes in companies aren't socialism
Bloomberg Television· 2026-08-07 16:14
What is uh socialism in your mind. >> Socialism is when the government owns the capital and then hands it out to people is a very simple definition. And so let's just say hypothetically the government decides to have grocery stores where it sets the prices and tells people like when they can get in and get the cheap stuff.Uh the history of this is that the grocery stores end up being empty. Prices don't matter because there's nothing to buy. uh and uh over time socialism leads to you know public uh disorder ...
NEC's Hassett on US Job Losses, Fed Independence, Iran, Energy Prices
Bloomberg Television· 2026-08-07 14:59
Director Hassett, great to see you this morning. And I know you've been saying post in reaction to the surprise loss in jobs that you're mostly looking at the unemployment figure. And it fell.However, as Mike just pointed out, labor force participation also fell, which is the reason that occurred. So looking at the figures in the state of this jobs market, are there any areas at all that you are concerned about. Right.Well, first, first of all, you know, I've been talking about these numbers, uh, with Mike ...